Helium One Upgrades Rig and Prepares for Itumbula Prospect

Helium One Global purchased and mobilised of a replacement iron rough neck for its drilling rig. Rig maintenance and repairs are underway, with a revised focus on the Itumbula prospect, after underwhelming results from the Tai-C well. The company anticipates spudding the Itumbula well in early January 2024, with a 30-day drilling program. The company also highlighted the need for additional funds and is engaging with potential investors and exploring financing options to avoid delays. Furthermore, in a social media post, the company announced that cement work was complete on the Itumbula well pad with and the camp site was also set up.

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